Graduation funding
The graduation is the final step in your studies and the entrance door into the professional world. Therefore, financial problems should not influence this study period negatively. Support on the last meters can be offered by a graduation funding during the last months of your studies. There are grants that can be taken into consideration independently of or in addition to BAföG. Below you will find an overview of grant opportunities that can support you while finishing your studies.
Graduation Assistance (§ 15 section 3a BAföG)
Graduation Assistance is available for students who already receive or could receive BAföG but exceed the maximum funding period. For the completion of their studies students can receive financial support for a maximum of twelve months. If the studies are completed or discontinued within those twelve months, funding will end with that month.
Graduation Assistance according to § 15 section 3a BAföG is granted as an interest-free full loan and must be repaid in full. A prerequisite for this financial support is to be less than four semesters beyond the standard period of study. In addition, it must be possible to complete the studies within a maximum of twelve months.
More information can be found on the website of the Federal Ministry of Research, Techology and Space (in German) as well as on the website of the Studierendenwerk Mannheim.
Loan fund of the Studierendenwerk Mannheim
The Studierendenwerk Mannheim set up a loan fund for students. The loan can be applied for as a short-term interim loan for temporary financial emergencies or as a financial aid for the last semester of studies. This type of assistance is intended for students who have fallen into economic misery through circumstances beyond their control. The loan is granted only for expenses for the purpose of the studies. In addition, the loan is tied to proof of academic accomplishment.
The maximum amount of financial support is EUR 3,000, paid out in monthly predefined installments. The graduation loan is interest-free and must be paid back in full.
For more information on the loan fund of the Studierendenwerk Mannheim, please visit the Studierendenwerk Mannheim website.